Form 8912, Clean Renewable Energy Bond Credit and Gulf Bond Credit, was developed to carry out the provisions of new Internal Revenue Code sections 54 and 1400N(l). The form provides a means for the taxpayer to compute the clean renewable energy bond credit and the Gulf bond credit.
US Code:
26 USC 54
Name of Law: Credit to holders of clean renewable energy bonds
US Code:
26 USC 1400N(1)
Name of Law: Tax benefits for Gulf Opportunity Zone
PL: Pub.L. 110 - 343 107,301(a), 313, 702(d) Name of Law: Energy Improvement and Extension Act of 2008 (Division B); Tax Extenders and Alternative Minimum Tax
PL: Pub.L. 110 - 246 15316 Name of Law: Food, Conservation, and Energy Act of 2008
PL: Pub.L. 111 - 5 1521, 1531 Name of Law: American Recovery and Reinvestment Act of 2009
Form 8912, Clean Renewable Energy Bond Credit and Gulf Bond Credit, was developed to carry out the provisions of new Internal Revenue Code sections 54 and 1400N(l). The form provides a means for the taxpayer to compute the clean renewable energy bond credit and the Gulf bond credit.
Due to legislative changes, the form has undergone a major revision. Form 8912 is now
used to claim credits for the following bonds.
 Clean renewable energy bond (CREB).
 Gulf tax credit bond (GTCB).
 Midwestern tax credit bond (MTCB).
 Qualified forestry conservation bond (QFCB).
 New clean renewable energy bond (NCREB).
 Qualified energy conservation bond (QECB).
 Qualified zone academy bond (QZAB). (Note: Beginning in 2008, holders of
QZABÂs that previously figured their credit on Form 8860, Qualified Zone
Academy Bond Credit, must now use Form 8912 to figure their credit. Form 8860
has been obsoleted for tax years beginning after 2007.)
 Qualified school construction bond (QSCB).
 Build America bond (BAB). (Note: The method used to calculate the amount of
credit attributable to a BAB is slightly different that the method used for the other
bonds. When applicable, text has been added to the form and instructions to
explain the differences.)
There were 13 line items deleted and 14 code references that were added. This resulted
in a net decrease of 160 burden hours.
$3,875
No
No
Uncollected
Uncollected
Yes
Uncollected
Sharon Dewsbury 202 622-3838
No
On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control number;
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
Form 8912 Clean Renewable Energy Bond Credit and Gulf Bond Credit
Summary of changes.pdf
Clean Renewable Energy Bond Credit and Gulf Bond Credit